Problemthe 2010 balance sheet of marias tennis shop inc, Ask an Expert

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Problem:

The 2010 balance sheet of Maria's Tennis Shop, Inc., showed $630,000 in the common stock account and $4.9 million in the additional paid-in surplus account. The 2011 balance sheet showed $670,000 and $5.4 million in the same two accounts, respectively.

Required:

Question: If the company paid out $620,000 in cash dividends during 2011, what was the cash flow to stockholders for the year?

Note: Please provide reasons to support your answer.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91148864

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